The New Orleans Redevelopment Authority (NORA) is conducting another ONLINE-ONLY auction of 110± vacant lots and structures located citywide. Bidding for this auction will begin on Monday, August 23, 2021 at 8:00 AM and end between 12:00 NOON and 6:00 PM on Tuesday, August 24, 2021.
The auction is open to the public. Anyone can register to bid on the properties.
The properties will sell “AS-IS, WHERE-IS” to the highest bidder. Properties are subject to a minimum bid price of $4,000 per property. There will be a virtual Buyers’ Seminar on Wednesday, August 11, 2021, beginning at 6:00 p.m. CT. This event will be done virtually. Participants can join the Zoom meeting through this link: https://zoom.us/j/99124550272.
On Thursday, August 12, 2021, structures will be open for inspection. Please visit www.hilcorealestate.com/NORA for exact times and instructions.
“As with our previous auctions, we are continuing to receive hundreds of inquiries. We are excited to make available this next pool of properties through this online auction event,” stated Brenda M. Breaux, NORA’s Executive Director.
Winning bidders are required to rehabilitate or complete construction of the property as a residence within 365 days and maintain the property in accordance with the City of New Orleans’ Code of Ordinances. The requirement to maintain the property begins immediately after closing through completion of the rehabilitation or construction. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.
For more information and to register, please contact Fernando Palacios at 504-233-0063 or visit www.hilcorealestate.com/NORA.